1137 Richardine Ave, Austin TX 78721,Austin,Travis,Residential

Description

1137 Richardine Ave is a perfectly placed East Austin charmer with a secret advantage: a completely separate converted suite that’s been successfully used as an Airbnb. The main home offers two bedrooms and one full bathroom across roughly 800 square feet, sitting on a generous lot in the heart of 78721. Inside, the layout is simple, efficient, and easy to maintain, with natural light and a comfortable flow that fits first-time buyers, downsizers, or anyone wanting a low-maintenance footprint in one of Austin’s most dynamic neighborhoods. Behind the main home sits the real bonus—a detached guest suite with its own private entrance and full bathroom. Fully separated from the house, it’s ideal for short-term rentals, traveling nurses, long-term guests, or a private studio or workspace. Historically, the back unit has generated $1,500–$2,200 per month in Airbnb income, while the front house has rented for $2,400–$2,800 per month. Together, the property has produced approximately $4,400 per month, or $53,000 annually, with potential to further optimize returns. Fully paid-off solar panels add another layer of value by helping keep ongoing utility costs low. Furniture negotiable. The location adds even more value, with quick access to Mueller, Springdale General, Downtown, and nearby parks and trails. Whether someone wants a flexible living setup, a mortgage-offsetting rental, or a smart long-term hold in East Austin, this property delivers the kind of versatility and cash flow potential that’s hard to find at this price point.